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Spectrum Brands Holdings completed its previously announced merger with HRG Group, Inc. on Friday, July 13, 2018. Following the closing,
Spectrum Brands continued as the successor to HRG Group under the name Spectrum Brands Holdings, Inc. with our common stock continuing
to trade under the ticker symbol “SPB” on the New York Stock Exchange. Under the terms of the merger agreement, at the closing of the
merger HRG Group implemented a reverse stock split such that HRG Group shareholders received in the aggregate a number of shares of the
combined company equal to the number of shares of Spectrum Brands currently held by HRG Group prior to the merger, subject to certain adjustments.
Spectrum Brands shareholders received one newly issued share of the combined company for each share of Spectrum Brands that they owned prior to the combination.